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Vakrangee Limited Earnings Release 2021
59251_rns_2021-02-08_749db206-6638-475d-a022-1987562bc1fa.pdf
Earnings Release
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Road No. 16, M IO C, Maro l, And heri (Ea st), Mumbai 400093, Ma harashtra W: wwwvakrangeein I L +91 22 2850 3412/ +9 1 22 6776 5100 crmEP~ F +91222850 20 17 1 ( IN : L65 990M H1 990PLC056669
February 08,2021
To,
| Department of Corporate Relationship | Corporate Relationship Department | ||
|---|---|---|---|
| BSE ltd. | National Stock Exchange of India ltd. | ||
| Phiroze Jeejeebhoy Towers, | Exchange Plaza, Bandra Kurla Complex, | ||
| Dalal Street, Fort, | Bandra (East), Mumbai - 400051 | ||
| Mumbai - 400001 |
Dear Sir/Madam,
Sub.: Press Release titled "VAKRANGEE Q3FY2020-21 FINANCIAL RESULTS" Ref.: Scrip Code - 511431/VAKRANGEE
With reference to the captioned subject and pursuant to Regulation 30 of SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith Press Release titled "VAKRANGEE Q3FY2020-21 FINANCIAL RESULTS".
This is for your information and record.
Thanking you
Yours faithfully,
For Vakrangee limited
Jay Bhansali
(Mem. No.: A48251) Company Secretary
Ene!.: A/a
VAKRANGEE LIMITED
PRESS RELEASE VAKRANGEE Q3 FY2020-21 FINANCIAL RESULTS
PAT stood at `16.80 Crore, QoQ growth of 26.22%
EBITDA stood at `25.09 Crore, QoQ growth of 11.66%
Revenue from Operations stood at `74.36 Crore, QoQ growth of 5.88%
MUMBAI, February 8, 2020: Vakrangee Limited (VL), announced its unaudited Financial Results for the quarter ended December, 2020.
KEY FINANCIAL HIGHLIGHTS FOR Q3 FY2020-21 (CONSOLIDATED) – QOQ BASIS
- Revenue from Operations stood at
74.36 crore in Q3FY2020-21 as against70.23 crore for the preceding quarter, registering a growth of 5.88%. - EBIDTA stood at
25.09 crore in Q3FY2020-21 as against22.47 crore for the preceding quarter, registering a growth of 11.66%. - PAT stood at
16.80 crore in Q3FY2020-21 as against13.31 crore for the preceding quarter, registering a growth of 26.22%. - EPS (basic) for the face value of
1 stood at0.16 in Q3FY2020-21 as against `0.13 in Q2FY2020-21, registering a growth of 23.08%.
KEY HIGHLIGHTS FOR Q3 FY2020-21:
- There has been stable growth in Revenues on QoQ basis as the COVID and Lockdown situation normalizes and have witnessed robust growth in profitability on a QoQ basis as the company has leveraged technology and process automation initiatives which has resulted into enhanced profitability. The Company's return to normalcy on the business front has been progressing well with month-on-month improvement in the sales. However normalization to pre-COVID levels shall take another quarter.
- Outlet revenues have been impacted as only our key essential services like Banking, ATM, Mobile recharges and Tele-medicine services have been fully operational however other key services like Assisted Online shopping, Online Pharmacy have recently become operational. Travel services and Logistics have been significantly impacted because of the on-ground field level delivery challenges and travel services being closed due to the lockdown situation.
- COVID-19 pandemic has caused unprecedented disruption in the world of work and thereby the Company is leveraging technology, implementing process automation and innovative Digital initiatives as new ways of conducting everyday business and managing field operations. These initiatives would result into improved Franchisee satisfaction and better centralized management of field operations. The company shall also get benefit of the same in overall cost reduction and enhanced profitability.
PERFORMANCE OULOOK UPDATE
Sale Revenue Growth: Positive & Encouraging
- Return to normalcy on the business front has been progressing well with month-onmonth improvement in the sales
- Quarterly Throughput crossed Rs. 106+ Billion
- Implemented Process automation & Technology Initiatives resulting into enhanced profitability
Business Opportunity on Growth Side: Positive
- Substantial Increase in Trust & Awareness
- Enhanced visibility and Brand Awareness during Nationwide Lockdown
- More than 1,20,000+ Applications in place
Planned Target: Return to Normalcy & Strong Growth
- Expect Pre-COVID Business Revenue level by next Quarter onwards
- Outlet expansion to 25,000 NextGen outlets by FY2022
PERFORMANCE UPDATE FOR QUARTER ENDED SEPTEMBER 2020
- ~Rs. 106.8 Billion Quarterly Throughput on Vakrangee Platform Transaction Value
- ~33.7 Million Quarterly No. of Transactions on Vakrangee Platform
- US$ 5.8 Billion Annual Run Rate Throughput Transaction Value basis Current No. of operational Outlets
- 10,000 No. of NextGen Outlets currently operational
SUSTAINABILITY ESG PERFORMANCE UPDATE
Global recognition reflects company's commitment to further enhance its corporate governance and transparency standards. Company has achieved Global recognition across various platforms for its superior ESG performance and long term Business sustainability.
Company has been successful in benchmarking its performance on a wide range of industry specific economic, environmental, governance and social criteria that are relevant to the growing focus on Business sustainability and financially relevant to the corporate success.
| Sr.No. | ESG Assessment &Rating platform | Vakrangee Ranking | |
|---|---|---|---|
| 1 | Sustainalytics ESGRisk AssessmentRating | Globally ranked No.1 in the Sustainalytics ESG Risk rating rankings out of the 668companies assessed in the Software and Services industry across worldwide | SUSTAINALYTICS |
| $\overline{2}$ | CDP Score -Climate Change2020 | Achieved "B" Score from CDP for Environmental Practices, Better than theIndustry's Average (Asia regional average of D, Global Average of C) | |
| з | SAM CorporateSustainabilityAssessment (CSA)-S&P Global | Globally ranked No. 13 Company in the global industry ranking and ranked No. 9 inthe Corporate Governance global industry raking based on RobecoSAM - S&PGlobal ESG Score. | Now a Part of S&P Global |
| 4 | Bloomberg GenderEquality Index(BGEI) | Included in the Bloomberg's 2021 Gender-Equality Index (GEI). The 2021Bloomberg GEI comprises of 380 companies across the world with a combinedmarket capitalization of USD14 Trillion Headquartered in 44 countries and Regionsacross 11 sectors. | ≕BloombergGender-EqualityIndex2021 |
VAKRANGEE KENDRA - GROWTH STRATEGY UPDATE
VAKRANGEE KENDRA OUTLETS – PERFORMANCE UPDATE
About Vakrangee Limited (BSE Code: 511431; NSE Code: VAKRANGEE)
Incorporated in 1990, Vakrangee is the unique technology driven company focused on building India's largest network of last-mile retail outlets to deliver real-time banking & Financial Services, ATM, insurance, e-governance, e-commerce and logistics services to the unserved rural, semi-urban and urban markets. The Assisted Digital Convenience stores are called as "Vakrangee Kendra" which acts as the "One-stop shop" for availing various services and products.
For further information, please contact at:
Email: [email protected]